SSE backs UK’s first pumped hydro scheme in 40 years with £100m funding March 21, 2023 SSE will invest £100m in the UK's first pumped hydro storage scheme in 40 years, but warns against further investment uncertainty.
FTSE 100 close: Credit Suisse turmoil eases as Barclays and NatWest claw back losses March 21, 2023 London’s FTSE 100 today shook off market turmoil sparked by UBS saving Credit Suisse, with the UK’s largest lenders, such as Barclays and NatWest, soaring to the top of the index. The capital’s premier index surged nearly two per cent to 7,536.23 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]
New 32-storey building to tower over iconic Leadenhall Market and showcase City of London’s Roman past March 21, 2023 Plans to build a 32-storey tower over the City’s iconic Leadenhall Market have been given the green light by city planners. The City of London Corporation’s planning applications sub-committee approved plans this week for the new tower that will house 27,000 sq m of new office space and will look to boost the Square Mile’s [...]
Just Eat slashes 1,700 jobs as food delivery giant re-embraces ‘gig economy’ model March 21, 2023 Just Eat has been forced to slash 1,700 delivery driver jobs and 170 head office roles, after the service has seen a slow down in takeaway demand. The food delivery group, whose rivals include Deliveroo and Uber Eats, said the group was looking to improve efficiency and reduce costs. Just Eat, which has some 15,000 [...]
TikTok: Chinese owned firm updates rulebook to include ‘human rights’ commitment as western security fears build March 21, 2023 TikTok has rolled out updated rules and standards for content and users as it faces increasing pressure from western authorities over concerns that material on the Chinese-owned video-sharing app could be used to push false information. The company released a reorganised set of community guidelines that include eight principles to guide content moderation decisions. “These [...]
Mini budget continues to wreak havoc on the UK housing market as annual sales dive 18 per cent March 21, 2023 UK property transactions fell four per cent in February as the fall out from last September’s mini budget continued to drive down the UK’s housing market. Sales of residential property fell 18 per cent during the year with just 76,920 transaction across the UK, as buyers were forced to deal with higher borrowing costs as [...]
Can effective regulation make cryptoassets and stablecoins useful? March 21, 2023 Lord Holmes explains how effective regulation can help to unlock potential while safeguarding consumers and the financial system.
Analysis: Is it the end of the Winter of Discontent? March 21, 2023 The weather is (just) getting warmer, pay talks have paused strikes, but it might just be a break in the wave of strikes.
Boris Johnson claims reason for partygate fines ‘remains unclear’ March 21, 2023 Boris Johnson has claimed it “remains unclear” to him – and possibly to Rishi Sunak – why they were fined for breaching lockdown laws after the Met Police investigation into partygate. The former prime minister has released his defence dossier ahead of a marathon evidence session before the cross-party parliamentary privileges committee tomorrow. In the [...]
Bank of England and Fed to ignore Credit Suisse chaos and hike interest rates this week March 21, 2023 The Bank of England and US Federal Reserve are this week expected to ignore the on-going financial market chaos which resulted in Credit Suisse being pawned off in a shotgun sale and hike interest rates. City analysts have tipped Fed Chair Jerome Powell and Bank Governor Andrew Bailey to prioritise fighting inflation instead of shielding [...]
